Shufro Rose & Co. LLC lifted its holdings in shares of Citigroup Inc (NYSE:C) by 515.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,952 shares of the financial services provider’s stock after purchasing an additional 96,276 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Citigroup were worth $7,693,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Advisors LLC grew its holdings in shares of Citigroup by 349.7% during the second quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock worth $115,000 after buying an additional 1,336 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of Citigroup during the first quarter worth about $116,000. Bedel Financial Consulting Inc. bought a new position in shares of Citigroup during the first quarter worth about $133,000. Twin Tree Management LP grew its holdings in shares of Citigroup by 100.4% during the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after buying an additional 535,686 shares in the last quarter. Finally, Clearwater Capital Advisors LLC bought a new position in shares of Citigroup during the first quarter worth about $143,000. 76.47% of the stock is currently owned by institutional investors.
C has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $74.00 price target on shares of Citigroup in a research note on Thursday, April 5th. UBS Group upgraded Citigroup from a “neutral” rating to a “buy” rating and raised their price target for the company from $78.00 to $80.00 in a research note on Thursday, April 5th. Vining Sparks upgraded Citigroup to a “buy” rating and set a $80.00 price target for the company in a research note on Friday, April 6th. HSBC upgraded Citigroup from a “hold” rating to a “buy” rating and raised their price target for the company from $82.00 to $85.00 in a research note on Wednesday, April 11th. Finally, BMO Capital Markets restated a “hold” rating and issued a $76.00 price target on shares of Citigroup in a research note on Friday, April 13th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company. Citigroup presently has a consensus rating of “Hold” and a consensus target price of $81.31.
Shares of NYSE C opened at $71.69 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. Citigroup Inc has a 12 month low of $64.38 and a 12 month high of $80.70. The company has a market cap of $184.25 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.49.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Monday, August 6th will be paid a dividend of $0.45 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, August 3rd. Citigroup’s payout ratio is currently 24.02%.
In related news, CFO John C. Gerspach sold 12,966 shares of Citigroup stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raja Akram sold 500 shares of Citigroup stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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